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Procurement management

Risk Management Practices in Procurement: How to Keep Supplier Risk Under Control

A supplier may first look stable, but later show signs of capacity constraints, financial pressure, quality issues, weak delivery performance, technical limitations, compliance gaps, or dependency on fragile sub-suppliers. For a procurement manager, the challenge is not only to react when something goes wrong. The challenge is to keep track of supply chain risk in a structured way before the risk becomes a business problem.

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Tactical procurement

Performance Warranty in Procurement: A Basic Guide for Buyers

A supplier can promise many things before a contract is signed. But for a buyer, a promise is not enough. The real question is: What happens if the supplier’s product or service does not perform as promised? That is where a performance warranty becomes important. A performance warranty is a contract clause that connects the…

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